Buy-Side Technology Awards 2016: Best Fund Administrator—SEI
Founded in 1968, with a current headcount of 2,600 and revenues of $1.34 billion for the 12 months ending in June 2016, SEI has 265 clients—mostly based in the US, but also in the UK, Europe and other emerging markets—representing more than 2,100 funds. The firm currently services almost $800 billion in assets, while over the course of the last two years it has committed more than $200 million to new technology research and development (R&D).
SEI’s middle-office solutions include trade matching, communication and affirmation; corporate-actions processing; investment accounting; custodian reconciliation; performance measurement, composite management and attribution; account transitions; security master maintenance; pricing; portfolio analytics; client billing; and internal, regulatory and client reporting. In addition to these core middle-office services, SEI also supports collateral management, enhanced valuation services, bank-loan processing, net-asset valuations (NAV) confirmation, post-trade compliance monitoring, and risk measurement functions.
SEI’s fund admin offering comprises four primary services: performance measurement, historical performance conversion, composites management, and performance analytics. It uses SS&C Advent’s Geneva platform to calculate portfolio and segment-level rates of return as well as composite-level returns. Portfolio, segment and composite-level performance and benchmark data is stored in SEI’s data warehouse and is available via its Manager Dashboard on a daily basis. SEI is able to convert historical performance on a total portfolio and segment return level. Converted returns can be as frequent as daily, although monthly converted returns are typical. It is then able to geometrically link converted returns to SEI-calculated returns in order to establish a performance track record. In terms of composites management, composite membership is managed within Geneva’s compositing module and adjusted by SEI’s performance team according to each client.
Oaks, Pa.-based SEI, winner of this year’s best fund administrator category, is no stranger to the BST Awards winners’ circle—this year’s win takes the firm’s tally to six on the trot. Clearly, SEI is doing something right.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Sell-Side Technology Awards 2024: All the winners
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg